A magnetically mountable portable drill assembly includes a magnetic base adapted to be mountable to a working surface, a housing coupled to the magnetic base, a motor coupled to the housing, an arbor coupled to the motor for rotation by the motor, a cutter coupled to the arbor for rotation with the arbor and adapted to cut the working surface or a workpiece supported on the working surface, the magnetic base having a front surface facing the cutter, and an illuminator coupled to the magnetic base to emit light from the front surface of the magnetic base for illuminating an end of the cutter and either one of the working surface and the workpiece.
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